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Thursday, October 14, 2010

Water Stocks News; Indian Water Treatment company, VA Tech Wabag Spikes in Market Debut

Water Stocks News; Indian Water Treatment company,  VA Tech Wabag Spikes in Market Debut

-as reported by eco- business
Water Treatment Company VA Tech Wabag Jumps 30% in Mumbai Trading Debut

India, October 13 - VA Tech Wabag Ltd., an Indian water treatment company, jumped as much as 30.4 percent in its Mumbai trading debut after receiving demand for 36 times the shares on sale in its initial public offering.

The stock, which started trading at 1,662 rupees, rose 397.95 rupees to 1,707.95 rupees at the 3:30 p.m. close in Mumbai. It rose as much as 37.9 percent to 1,806.8 rupees in intraday trading from the offer price of 1,310 rupees a share in an IPO last month

full story-

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